Now, try to understand this third point with me, which is
the third but the most common point.
The employer has given you a car, that you do your office
work in this car, you go to clients and customers, so go in
this car.
But suppose, there are only two meetings in that employee's
day, one at 12 in the morning and one at 4 in the evening.
Now, what will that employee do? He will take the car and
reach the client at 12.
He will finish the half-hour meeting and reach his home at
12.30.
Then he will say to his wife, take me for a ride.
Then he will open the window and say, let me speak frankly.
I have got a white keenie, should I pick you?
Should I see your teacher, Aashi?
I don't know this much, now you know all the songs.
What will you do in life?
You have kept the songs as if you don't know anything.
Come to the concept.
What will he do? He will go to his wife at 12.30.
He will take her for shopping.
Then he will drop her at home at 4.
Then he will reach the client at 4.
He will attend the half-hour meeting.
He will do some work in the office.
Then he will bring the car back home.
In this case, is the car being used for official purposes
or not?
First tell me this.
He has attended the meeting.
It is not that he is not doing the office work.
Is the car being used for official purposes?
Is the car being used for personal purposes?
He is telling his wife to take him for a ride.
So, is the car being used for personal purposes?
I see.
So, the car is being used for both the purposes.
It is not official.
If it was official, I would have exempted it.
It is not personal.
If it was personal, it would have been taxable as it is.
So, what should we do?
The government said, we have a solution.
We have a solution for everything.
First of all, we want to ask you a question.
Is this a car belonging to the employer?
Or is it the employee's own car?
Sometimes, it happens that in the letter of appointment, it
is written that you bring your car.
We will pay for your petrol expenses.
We will pay for the driver's expenses.
We don't have a car.
So, you bring your car.
We will pay for petrol expenses.
So, first of all, see whose car is it?
Is it the employer's car?
Or is it the employee's car?
Suppose, it is the employee's car.
It is the employee's car.
Whose car is it?
It is the employee's car.
So, should the value of the car be taxable in the hands of
the employee?
It is the employee's car.
He is driving his own car.
So, why should it be taxable in his hands?
What benefit does he get in this case?
He can get the benefit of petrol.
That's it.
He didn't get the benefit of the car.
Now, we have to see who pays for the petrol expenses.
Either the employee pays for the petrol expenses or the
employer pays for the petrol expenses.
Did you understand so far?
If it is my car and I am paying for the petrol expenses
myself, did I get any benefit?
The answer is no.
It is my own car.
I am paying for the petrol myself.
I didn't get any benefit.
So, in this case, nothing will be taxable in the hands of
the employee.
Nothing will be taxable.
It is his own car.
He is paying for the petrol himself.
So, why will it be taxable in his hands?
Tell me.
But see the second case.
Take this.
Who is paying for the petrol?
The employer is paying.
Whose car is it?
The employee's car.
So, whoever pays for the petrol expenses, look at the
petrol expenses.
They will make it taxable.
But we also understand that we need to reduce some expenses.
We can't make everything taxable.
So, the government has said to reduce some expenses.
Rs. 1800 per month.
Reduce this from the petrol expenses.
When to do this?
If the car is up to 1600cc, i.e.
a Maruti car,
Alto, Swift, Centro, if the car is below 1600cc, then Rs.
1800 per month will be taxable.
And if the car is above 1600cc, then Rs.
2400 per month.
Rs. 1800 per month.
Okay? Assume that in one month, the petrol expense is Rs.
And the car is up to 1600cc.
So, Rs.
5000 of petrol will be reduced from the employer's expense
to Rs.
Rs. 3200 will be taxable in the hands of the employer.
This is the point, friends.
Whose car is it?
The employee's car.
Who is paying the petrol expense?
The employer.
So, how much should be exempted?
Rs. 1800-Rs. 2400.
Depending on how much cc the car is.
The rest will be taxable.
Is the point clear?
Have a look at it.
I will leave now.
Okay, friends?
Let's move on.
Now, try to understand the second case.
Sir, you have explained that it is the employee's car.
Assume that the employer was paying for the car.
So, what should we do in that case?
The employer is paying for the car.
My employer is paying for the car.
Jethalal is paying for the car.
To Bagha and Nattu Kaka.
So, we are discussing whether Bagha and Nattu Kaka's car is
taxable and how much is exempted.
The car belongs to the employer.
It is said that the car belongs to the owner and the sweat
of the driver runs on the road.
Greetings!
So, in this case, the question arises who is paying for the
petrol?
Assume that the car belongs to the employer and who is
paying for the petrol?
The employee.
So, Jethalal gave the car to Bagha.
He said, take the car and go.
Do your personal work.
I don't care.
The car is yours.
You will pay for the petrol.
So, in that case, what will be taxable in Bagha's hands?
Rs. 600 per month.
If the car is of how many cc?
Rs. 1,600 cc.
And if the car is of more than 1,600 cc, then what will
happen in that case?
Rs. 900 per month.
No, this is taxable.
This is taxable.
This is taxable in Bagha's hands.
Whose car is it?
Jethalal's.
Who is driving it? Bagha.
For what purpose?
Both office and personal.
So, what is taxable in Bagha's hands?
Sir, first check how many cc the car has.
Today, I came in a bit too much flow.
Look at this.
The light is also falling.
I don't know, when I discuss something with you people,
I get a bit emotional.
So, this is it, friends.
I don't know what happens to us in the classes.
Sometimes, we take the names of big people and there is a
problem with the light.
Sometimes, I come in flow and the light falls.
Look, friends, I teach you with so much intensity.
Any work done with intensity cannot be unsuccessful because
you do it with your heart.
And where does God live?
He lives in your heart.
So, I believe that whenever you do any work with your heart,
God's blessings will definitely come.
The light did fall, but it didn't fall down.
It moved a bit.
It's God's blessing.
That's why there was no light on the road.
Sir, what a great thing you said.
That's why I say, do your work with your heart.
Its effect is something else.
We were talking here.
There is an employer's car,
Jetha Bhai's car and Baga is driving it.
Now, who is paying for the petrol?
Jetha Bhai is paying.
Jetha Bhai says to Baga,
Baga, I am very happy with your services and from today,
the car is here and your boss will pay for the petrol.
In that case, who is paying for the petrol?
Employer.
What will be taxable in Baga's hands?
Rs.1800.
If the car is up to 1600cc, this is per month, and if the
car is more than 1600cc, let's say a Fortuner, a XUV700, if
you give this type of car, what will be taxable in Baga's
hands?
Rs.2400 per month.
This is the point.
Is the point clear, friends?
Let's move ahead.
But just now you had written a poem about the owner's car
and the driver's sweat.
But the driver didn't come anywhere.
If Jetha Bhai had given the driver to Baga, what would he
have done?
In that case, the government says that adding Rs 900 per
month to the driver's car will be taxable.
How much? Rs 900 per month.
It's a simple concept.
What was the concept? The owner gave the car.
For the office, it's exempt.
For the personnel, we had discussed how to do it.
And whose is this?
If it's the employee's own car and the office and personnel
are being used for both.
Or if it's the employer's car and the office and personnel
are being used for both, then what has to be done?
This has to be done, which is written at the back.
And suppose if the driver also gives it to you, then Rs 900
per month, my friend, will be taxable.
Thank you very much, friends.